NEW YORK (AP) — Americans' concerns about jobs and inflation eased somewhat in April, pushing the Consumer Confidence Index higher.
The increase comes after an unexpected drop in March. But the measure had risen for five consecutive months before that and hit a three-year high in February.
"Consumer's short-term outlook improved slightly, suggesting that the uncertainty expressed last month is easing," said Lynn Franco, director of The Conference Board Consumer Research Center, in a statement. "Inflation expectations, which had spiked, retreated somewhat in April."